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Wolfe Company purchased a truck for an estimated $64,000, with an estimated useful life of 8 years and a salvage value of $10,000. The company

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Wolfe Company purchased a truck for an estimated $64,000, with an estimated useful life of 8 years and a salvage value of $10,000. The company uses the double-declining-balance method of depreciation; however, after year 3 they switch to the straight-line method. There is no change to the estimated useful life or salvage value. What is the accumulated depreciation balance at the end of year 5? $48, 333 $40, 400 $43, 800 $43, 750

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